FX:GBPJPY   British Pound / Japanese Yen
Hello guys! it's time to take a close look at this pair which reached an important level. All the details are in the chart.

Like if you agree, follow and support please!
Comment:
Comment: A quick follow up!

Comment: By looking at the currency strength indicator we can see that GBP is the strongest between all currencies and JPY is the weakest. Now GBP broke support, yearly TL and the 200 MA. There is no idea to fight that trend and i'll be looking to buy the dips from here on. For those who wanna be more sure wait for retest of that broken structure @ 143,100 area.

what do u think naw ?
Reply
Abozahra saadalielghobar
@saadalielghobar, By looking at this chart below we see how the last 30 days the GBP is the strongest currency and that the JPY is the extreme weakest of all.
We should buy pullbacks imo. The daily 200 MA may be the reason for first correction or at least rejection.

https://1drv.ms/i/s!AlmYL8NBUAuUi2YCDZbsMEtV7WS1
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@Abozahra, Do you expect more bullish trend higher..For the benefit of the US relationship?
Reply
Abozahra saadalielghobar
@saadalielghobar, I am bullish already but i just wanna see that correction :)
Reply
@Abozahra, I expect correction is coming up to 139
Reply
Abozahra saadalielghobar
@saadalielghobar, That would be great :)
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@Abozahra, hahah thanx my frinde good luck
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does it still look like a solid deal for sell? Or there is a chance of going up north...
Reply
@febeks, The uptrend is still intact. As you see in the chart below it took back 2 days of down trend in only 8 hours :) That mean we have a strong up momentum.
But it didn't test the extreme highs nor touched the 200 Daily MA. I am still expecting a deeper retracement but i need more confirmation for long term trades.


Reply
febeks Abozahra
@Abozahra, Thanks, keep us updated please! :) I just have opened a sell position at 141.100 and I hope it wont touch SL at 142.500.

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